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Savings, Checking Dormant & Inactive Account Info.

Savings Accounts

The following accounts are available at the None Suffer Lack Federal Credit Union:
Regular Share Savings
$50 deposit
A savings account which can provide the financial foundation for
a member and their family.
Budget In Advance (BIA) Share Account
$50 Deposit
A savings account which can be used to save for a known expenditure
that occurs at a known time in the future.
College Fund Share Account
$100 Deposit
A savings account that can be used to fund education.
Next Generation Account
$100 Deposit
A savings account that can be used for the next generation.

Dormant Accounts

None Suffer Lack Federal Credit Union considers an account dormant when there has been no deposit or withdrawal on the account for a period of 12 months. At that time dormancy notices are sent to inform you of your account status and a dormant account fee is assessed each month your account is dormant (see Rate & Fee Schedule for details). You can reactivate your account by making a deposit or withdrawal at least once per year.

If you fail to respond to this notice after 3 years of account dormancy, Maryland State Law requires us to send all funds in your account to the state of Maryland as abandoned property. To reclaim your property, you must submit a request to the Unclaimed Property Unit of the State of Maryland. For more information click Unclaimed Property listed under Account Info.

 

 

 
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